Middle East And Africa Battery Market: Forecast Analysis 2024-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,500	114 Pages	Triton Market Research	July, 2024	TRTN19011188

Best Price Guarantee
Price	from $1,500
Length	114 Pages
Publisher	Triton Market Research
Published Date	July, 2024
SKU	TRTN19011188

Middle East And Africa Battery Market: Forecast Analysis 2024-2032

Triton’s estimates suggest that the Middle East and Africa battery market is set to progress in terms of revenue at a CAGR of 13.79% during the forecast period 2024-2032.

The battery market in the Middle East and Africa region is experiencing significant growth due to various strategic initiatives, product developments, and a shift towards renewable energy and electric vehicles (EVs). For example, as per the Dubai Electricity & Water Authority (DEWA), EV registrations under its EV Green Charger Initiative increased to 11,000 by May 2023. Moreover, it expects this number to double, with over 42,000 EVs on the road. These developments are further enhanced by research institutions like King Abdullah University of Science and Technology (KAUST) in Saudi Arabia, which are pioneering new battery technologies, thereby the region’s battery market.

The countries reviewed in this region consist of the UAE, South Africa, Turkey, Saudi Arabia, and Rest of Middle East & Africa.

South Africa leads the region with a major share, obtaining around $1225.81 million in 2023

- As per ITA, South Africa’s Integrated Resource Plan (IRP) projects an increase of 29,500 MW in electricity capacity by 2030, primarily from renewable sources, including 14,400 MW from wind and 6,000 MW from solar photovoltaic. This is set to boost demand for battery storage solutions to ensure a stable and reliable energy supply.

- Noted by IEA, the automotive sector is setting ambitious targets, including the goal that around 20% of locally manufactured vehicles will be hybrid electric by 2030, widening the scope of batteries in the sector.

- Government efforts such as collaboration between the South African National Energy Development Institute (SANEDI) and the Department of Mineral Resources and Energy (DMRE) on energy efficiency strategies play a crucial role in the R&D of efficient battery technologies.

Market Forecast for Saudi Arabia

The battery market in Saudi Arabia is rapidly evolving, driven by the country’s Vision 2030, which emphasizes sustainability and the shift towards renewable energy. Additionally, the government is focusing on energy storage systems (ESS) to enhance grid reliability and integrate renewable energy sources. Lithium-ion batteries are favored due to their high energy efficiency and long lifespan. These factors thus create numerous opportunities for battery manufacturers in the country.

The market is divided into end-use, technology, and battery type. The end-use section comprises power tools, industrial, automotive, portable, SLI, and other end-uses.

Batteries have a wide range of industrial applications, including telecommunications, energy storage, forklifts with material handling equipment, uninterruptible power supplies, security systems, emergency lighting, medical devices, road signs, and control and switchgear systems. Additionally, they are utilized in grid and off-grid energy storage, power backup, industrial automation, machinery, etc. Globally, market players are developing and launching products featuring various types of batteries, such as lead-acid, lithium-ion, nickel-cadmium, and nickel-metal hydride batteries for industrial applications.

Contender Analysis in the Battery Market:

Saft Groupe SA, a subsidiary of TotalEnergies, specializes in the design, development, and manufacture of batteries for various sectors, including industry, transport, and defense. The company provides durable batteries and systems for critical safety applications, propulsion, and backup power. Founded in 1918, the company operates internationally, supported by 16 production sites in 19 countries. It offers advanced battery solutions, including NiCad and Li-ion batteries, tailored for high-performance needs.

In June 2024, the company introduced its first ATEX-certified rechargeable advanced batteries designed to power portable equipment in potentially hazardous environments like mining, defense, oil and gas, etc.

Other companies offering products in the battery market include BYD Company Limited, Exide Technologies, A123 Systems LLC, Enersys, and C&D Technologies.

1. Middle East And Africa Battery Market - Summary
2. Industry Outlook: 2.1. Impact Analysis On The Battery Market; 2.1.1. Covid-19 Impact; 2.2. Porter’s Five Forces Analysis; 2.2.1. Threat Of New Entrants; 2.2.2. Threat Of Substitutes; 2.2.3. Bargaining Power Of Buyers; 2.2.4. Bargaining Power Of Suppliers; 2.2.5. Threat Of Competitive Rivalry; 2.3. Market Attractiveness Index; 2.4. Key Buying Impact Analysis; 2.4.1. Energy Density; 2.4.2. Battery Memory; 2.4.3. Lifetime; 2.4.4. Durability; 2.5. Supply Chain Analysis; 2.5.1. Raw Material; 2.5.2. Manufacturing & Assembly; 2.5.3. Distribution; 2.5.4. End-user Applications; 2.5.5. After-sales Services; 2.5.6. Recycling; 2.6. Key Market Strategies; 2.6.1. Collaborations; 2.6.2. Product Launches; 2.6.3. Acquisitions; 2.6.4. Investments & Expansions; 2.7. Market Drivers; 2.7.1. Increasing Popularity Of Consumer Electronics; 2.7.2. Government Incentives To Manufacture Ev Battery; 2.7.3. High Battery Demand For Automotive Applications, Primarily From Evs; 2.8. Market Challenges; 2.8.1. Issues Related To Battery Recycling; 2.8.2. Safety Concerns Associated With Battery Use; 2.8.3. Volatility In Raw Material Prices; 2.9. Market Opportunities; 2.9.1. Increasing Attention To Second-life Battery Uses; 2.9.2. Rising Demand For Larger Battery Packs; 2.9.3. Developments In Battery Technologies; 2.10. Analyst Perspective
3. Middle East And Africa Battery Market – By Battery Type: 3.1. Primary Battery; 3.2. Secondary Battery
4. Middle East And Africa Battery Market – By Technology: 4.1. Lead-acid; 4.2. Lithium-ion; 4.3. Nickel-cadmium; 4.4. Nickel Metal Hydride; 4.5. Nickel-zinc (Nizn); 4.6. Flow; 4.7. Sodium-sulfur (Nas); 4.8. Zinc-manganese Dioxide; 4.9. Small Sealed Lead-acid; 4.10. Other Technologies
5. Middle East And Africa Battery Market – By End-use: 5.1. Automotive Batteries; 5.2. Industrial Batteries; 5.3. Portable Batteries; 5.4. Power Tools Batteries; 5.5. Sli Batteries; 5.6. Other End-uses
6. Middle East And Africa Battery Market – By Country Outlook: 6.1. United Arab Emirates; 6.1.1. United Arab Emirates Battery Market Forecast & Prospects; 6.2. Saudi Arabia; 6.2.1. Saudi Arabia Battery Market Forecast & Prospects; 6.3. Turkey; 6.3.1. Turkey Battery Market Forecast & Prospects; 6.4. South Africa; 6.4.1. South Africa Battery Market Forecast & Prospects; 6.5. Rest Of Middle East & Africa; 6.5.1. Rest Of Middle East & Africa Battery Market Forecast & Prospects
7. Competitive Landscape: 7.1. Gs Yuasa International Ltd; 7.1.1. Overview; 7.1.2. Portfolio; 7.1.3. Key Strength; 7.1.4. Key Challenge; 7.2. Johnson Controls Inc; 7.2.1. Overview; 7.2.2. Portfolio; 7.2.3. Key Strength; 7.2.4. Key Challenge; 7.3. Panasonic Corporation; 7.3.1. Overview; 7.3.2. Portfolio; 7.3.3. Key Strengths; 7.3.4. Key Challenges; 7.4. Samsung Sdi Co Ltd; 7.4.1. Overview; 7.4.2. Portfolio; 7.4.3. Key Strength; 7.4.4. Key Challenge; 7.5. A123 Systems Llc; 7.5.1. Overview; 7.5.2. Portfolio; 7.5.3. Key Strength; 7.5.4. Key Challenges; 7.6. Exide Technologies; 7.6.1. Overview; 7.6.2. Portfolio; 7.6.3. Key Strength; 7.6.4. Key Challenge; 7.7. Enersys; 7.7.1. Overview; 7.7.2. Portfolio; 7.7.3. Key Strength; 7.7.4. Key Challenges; 7.8. Byd Company Limited; 7.8.1. Overview; 7.8.2. Portfolio; 7.8.3. Key Strength; 7.8.4. Key Challenge; 7.9. C&D Technologies Inc; 7.9.1. Overview; 7.9.2. Portfolio; 7.9.3. Key Strengths; 7.9.4. Key Challenge; 7.10. Saft Groupe Sa; 7.10.1. Overview; 7.10.2. Portfolio; 7.10.3. Key Strength; 7.10.4. Key Challenge
8. Research Methodology & Scope: 8.1. Research Scope & Deliverables; 8.2. Sources Of Data; 8.3. Research Methodology
Table List: Table 1: Middle East And Africa Battery Market, By Country Outlook, 2024-2032 (In $ Million); Table 2: List Of Collaborations; Table 3: List Of Product Launches; Table 4: List Of Acquisitions; Table 5: List Of Investments & Expansions; Table 6: Middle East And Africa Battery Market, By Battery Type, 2024-2032 (In $ Million); Table 7: Middle East And Africa Battery Market, By Technology, 2024-2032 (In $ Million); Table 8: Middle East And Africa Battery Market, By End-use, 2024-2032 (In $ Million); Table 9: Middle East And Africa Battery Market, By Country Outlook, 2024-2032 (In $ Million)
Figure List: Figure 1: Porter’s Five Forces Analysis; Figure 2: Market Attractiveness Index; Figure 3: Key Buying Impact Analysis; Figure 4: Supply Chain Analysis; Figure 5: Middle East And Africa Battery Market, By Battery Type, 2023 & 2032 (In %); Figure 6: Middle East And Africa Battery Market, By Primary Battery, 2024-2032 (In $ Million); Figure 7: Middle East And Africa Battery Market, By Secondary Battery, 2024-2032 (In $ Million); Figure 8: Middle East And Africa Battery Market, By Technology, 2023 & 2032 (In %); Figure 9: Middle East And Africa Battery Market, By Lead-acid, 2024-2032 (In $ Million); Figure 10: Middle East And Africa Battery Market, By Lithium-ion, 2024-2032 (In $ Million); Figure 11: Middle East And Africa Battery Market, By Nickel-cadmium, 2024-2032 (In $ Million); Figure 12: Middle East And Africa Battery Market, By Nickel Metal Hydride, 2024-2032 (In $ Million); Figure 13: Middle East And Africa Battery Market, By Nickel-zinc (Nizn), 2024-2032 (In $ Million); Figure 14: Middle East And Africa Battery Market, By Flow, 2024-2032 (In $ Million); Figure 15: Middle East And Africa Battery Market, By Sodium-sulfur (Nas), 2024-2032 (In $ Million); Figure 16: Middle East And Africa Battery Market, By Zinc-manganese Dioxide, 2024-2032 (In $ Million); Figure 17: Middle East And Africa Battery Market, By Small Sealed Lead-acid, 2024-2032 (In $ Million); Figure 18: Middle East And Africa Battery Market, By Other Technologies, 2024-2032 (In $ Million); Figure 19: Middle East And Africa Battery Market, By End-use, 2023 & 2032 (In %); Figure 20: Middle East And Africa Battery Market, By Automotive Batteries, 2024-2032 (In $ Million); Figure 21: Middle East And Africa Battery Market, By Industrial Batteries, 2024-2032 (In $ Million); Figure 22: Middle East And Africa Battery Market, By Portable Batteries, 2024-2032 (In $ Million); Figure 23: Middle East And Africa Battery Market, By Power Tools Batteries, 2024-2032 (In $ Million); Figure 24: Middle East And Africa Battery Market, By Sli Batteries, 2024-2032 (In $ Million); Figure 25: Middle East And Africa Battery Market, By Other End-uses, 2024-2032 (In $ Million); Figure 26: Middle East And Africa Battery Market, By Country Outlook, 2023 & 2032 (In %); Figure 27: United Arab Emirates Battery Market 2024-2032 (In $ Million); Figure 28: Saudi Arabia Battery Market 2024-2032 (In $ Million); Figure 29: Turkey Battery Market 2024-2032 (In $ Million); Figure 30: South Africa Battery Market 2024-2032 (In $ Million); Figure 31: Rest Of Middle East & Africa Battery Market 2024-2032 (In $ Million)